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Trending ETFs

Thrivent Municipal Bond Fund

mutual fund
TMBIX
Payout Change
Pending
Price as of:
$10.2 +0.0 +0.0%
primary theme
Municipal Bond
share class
S (TMBIX) A (AAMBX)
TMBIX (Mutual Fund)

Thrivent Municipal Bond Fund

Payout Change
Pending
Price as of:
$10.2 +0.0 +0.0%
primary theme
Municipal Bond
share class
S (TMBIX) A (AAMBX)
TMBIX (Mutual Fund)

Thrivent Municipal Bond Fund

Payout Change
Pending
Price as of:
$10.2 +0.0 +0.0%
primary theme
Municipal Bond
share class
S (TMBIX) A (AAMBX)

Name

As of 12/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Thrivent Municipal Bond Fund

TMBIX | Fund

$10.20

$1.2 B

3.49%

$0.36

0.56%

Vitals

YTD Return

2.0%

1 yr return

2.2%

3 Yr Avg Return

-0.9%

5 Yr Avg Return

0.9%

Net Assets

$1.2 B

Holdings in Top 10

10.8%

52 WEEK LOW AND HIGH

$10.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.56%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 16.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,000

IRA

$1,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Thrivent Municipal Bond Fund

TMBIX | Fund

$10.20

$1.2 B

3.49%

$0.36

0.56%

TMBIX - Profile

Distributions

  • YTD Total Return 2.0%
  • 3 Yr Annualized Total Return -0.9%
  • 5 Yr Annualized Total Return 0.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.72%
DIVIDENDS
  • Dividend Yield 3.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Thrivent Municipal Bond Fund
  • Fund Family Name
    Thrivent Funds
  • Inception Date
    May 16, 2005
  • Shares Outstanding
    N/A
  • Share Class
    S
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Janet Grangaard

Fund Description

Under normal market conditions, the Fund invests at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in municipal bonds, the income of which is exempt from federal income taxation. The Fund may count securities that generate income subject to the alternative minimum tax toward the 80% investment requirement.The Fund’s Adviser uses fundamental and other investment research techniques to determine what municipal bonds to buy and sell. Fundamental techniques assess a security’s value based on an issuer’s financial profile, management, and business prospects. At the time of purchase, the Adviser generally buys investment-grade municipal bonds or unrated bonds it determines to be of comparable quality. The Fund may also invest in debt securities that, at the time of purchase, are rated within or below the “BBB” major rating category by S&P or Fitch, or the “Baa” major rating category by Moody’s, or are unrated but considered to be of comparable quality by the Adviser. The Fund uses an interest rate management technique that includes the purchase and sale of U.S. Treasury futures contracts for the purpose of managing the duration, or interest rate risk, of the Fund.
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TMBIX - Performance

Return Ranking - Trailing

Period TMBIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.0% -7.3% 37.5% 33.51%
1 Yr 2.2% -7.4% 37.6% 32.98%
3 Yr -0.9%* -11.8% 5.1% 50.89%
5 Yr 0.9%* -7.4% 1103.2% 30.13%
10 Yr 2.0%* -1.1% 248.8% 25.87%

* Annualized

Return Ranking - Calendar

Period TMBIX Return Category Return Low Category Return High Rank in Category (%)
2023 3.5% -1.4% 41.0% 21.89%
2022 -13.6% -39.7% 0.3% 78.57%
2021 -0.7% -5.6% 6.9% 59.79%
2020 1.8% -2.6% 310.0% 44.33%
2019 3.8% 0.0% 26.0% 48.02%

Total Return Ranking - Trailing

Period TMBIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.0% -7.3% 37.5% 33.51%
1 Yr 2.2% -7.4% 37.6% 32.98%
3 Yr -0.9%* -11.8% 5.1% 50.89%
5 Yr 0.9%* -7.4% 1103.2% 30.13%
10 Yr 2.0%* -1.1% 248.8% 25.87%

* Annualized

Total Return Ranking - Calendar

Period TMBIX Return Category Return Low Category Return High Rank in Category (%)
2023 7.4% -1.3% 41.0% 11.58%
2022 -10.6% -39.7% 1.1% 69.97%
2021 2.4% -4.8% 23761504.0% 27.63%
2020 5.3% -1.5% 17057.9% 11.69%
2019 7.4% 0.2% 3514.6% 25.70%

NAV & Total Return History

TMBIX - Holdings

Concentration Analysis

TMBIX Category Low Category High TMBIX % Rank
Net Assets 1.2 B 3.22 M 71.9 B 28.16%
Number of Holdings 508 4 13418 25.45%
Net Assets in Top 10 130 M -317 M 3.09 B 35.80%
Weighting of Top 10 10.76% 1.8% 100.3% 78.83%

Top 10 Holdings

  1. New York City, NY Transitional Finance Auth. Building Aid Rev. 1.44%
  2. New York City, NY Municipal Water Finance Auth. Water and Sewer System Rev. 1.36%
  3. Texas Private Activity Bond Surface Transportation Corporation Rev. (Segment 3C) 1.28%
  4. New York Urban Development Corporation Rev. 1.22%
  5. Houston, TX Water and Sewer System Rev. Refg. (AGM Insured) 1.01%
  6. Massachusetts Health Educational Fac. Auth. Rev. (Massachusetts Institute of Technology) 0.92%
  7. Pennsylvania Turnpike Commission Turnpike Rev. (AGM Insured) 0.91%
  8. Virginia Small Business Financing Auth. Rev. (Transform 66 P3) 0.89%
  9. Phoenix, AZ Civic Improvement Corporation Airport Rev. 0.87%
  10. Ohio Turnpike Commission Rev. 0.86%

Asset Allocation

Weighting Return Low Return High TMBIX % Rank
Bonds 		99.82% 0.00% 150.86% 23.42%
Cash 		0.18% -50.86% 44.62% 78.37%
Stocks 		0.00% 0.00% 99.77% 53.89%
Preferred Stocks 		0.00% 0.00% 0.07% 46.07%
Other 		0.00% -3.69% 53.54% 50.91%
Convertible Bonds 		0.00% 0.00% 0.93% 45.79%

Bond Sector Breakdown

Weighting Return Low Return High TMBIX % Rank
Municipal 		99.25% 44.39% 100.00% 34.52%
Cash & Equivalents 		0.01% 0.00% 44.41% 54.20%
Derivative 		0.00% -3.69% 53.54% 42.58%
Securitized 		0.00% 0.00% 5.93% 37.69%
Corporate 		0.00% 0.00% 9.41% 46.66%
Government 		0.00% 0.00% 52.02% 41.54%

Bond Geographic Breakdown

Weighting Return Low Return High TMBIX % Rank
US 		99.82% 0.00% 142.23% 22.10%
Non US 		0.00% 0.00% 23.89% 48.56%

TMBIX - Expenses

Operational Fees

TMBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.56% 0.01% 8.02% 74.46%
Management Fee 0.41% 0.00% 1.20% 45.97%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.02% 0.01% 0.44% 1.45%

Sales Fees

TMBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

TMBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

TMBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 16.00% 0.00% 283.00% 44.66%

TMBIX - Distributions

Dividend Yield Analysis

TMBIX Category Low Category High TMBIX % Rank
Dividend Yield 3.49% 0.00% 14.51% 12.28%

Dividend Distribution Analysis

TMBIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

TMBIX Category Low Category High TMBIX % Rank
Net Income Ratio 2.72% -0.53% 5.33% 12.10%

Capital Gain Distribution Analysis

TMBIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

TMBIX - Fund Manager Analysis

Managers

Janet Grangaard

Start Date

Tenure

Tenure Rank

Apr 30, 2002

20.1

20.1%

Grangaard is a portfolio manager with Thrivent Investment Management, her employer since 1988. She initially worked as a securities analyst, and began managing portfolios for the company in 1994. Grangaard holds the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.36 1.58

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